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24-Unit Mixed-Use Building in Prime Jamaica Rezoning District

$2,900,000

146-17 Hillside Avenue, Queens, NY 11435

Active
Last Updated: 10/20/2025

7.36

Cap Rate

213,570

NOI

Details:
Cap Rate:    7.36%
NOI:    $213,570
Building Size:    20,834 sqft
Lot Area:    6,000 sqft
Units:    24
Price Per Sqft:    $139
Price Per Unit:    $120,833
Zoning:    R7A/C2-4
Floors:    4
Highlights:
  • Rare opportunity to acquire a 24-unit mixed-use walk-up in the heart of Jamaica, Queens
  • Located within the Jamaica Rezoning District
  • Strong in-place cash flow with minimal collections loss and attractive cash-on-cash return
  • Residential unit mix is weighted toward one-bedrooms, supporting consistent tenant demand and quick occupancy upon vacancies, plus a commercial unit contributing to income diversification
  • Excellent access to transportation with nearby E, F, J, Z subways, Jamaica LIRR Station, and AirTrain to JFK
  • Neighborhood experiencing significant new residential and mixed-use development growth
  • Positioned on Hillside Avenue, a key Queens retail corridor undergoing active development, improved streetscape upgrades, and growing neighborhood demand
  • Situated on a high-visibility retail corridor with strong tenant demand and long-term leasing stability
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